PJT Partners (NYSE:PJT) Shares Up 8.2%

Shares of PJT Partners Inc. (NYSE:PJT) traded up 8.2% on Thursday . The company traded as high as $102.35 and last traded at $101.23. 56,742 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 272,606 shares. The stock had previously closed at $93.54.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of PJT Partners in a research note on Tuesday, April 9th. The Goldman Sachs Group reiterated a “neutral” rating and set a $99.00 price objective (down from $108.00) on shares of PJT Partners in a research note on Tuesday, January 9th. UBS Group restated a “sell” rating and set a $75.00 target price (down from $100.00) on shares of PJT Partners in a research note on Tuesday, March 26th. Finally, Wolfe Research reiterated an “underperform” rating and set a $89.00 price objective on shares of PJT Partners in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $93.25.

PJT Partners Trading Up 5.7 %

The business has a fifty day moving average price of $96.76 and a two-hundred day moving average price of $93.59. The firm has a market capitalization of $2.37 billion, a PE ratio of 33.03 and a beta of 0.67.

PJT Partners (NYSE:PJT) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.20. The company had revenue of $328.60 million during the quarter, compared to analyst estimates of $304.26 million. PJT Partners had a net margin of 7.09% and a return on equity of 17.44%. PJT Partners’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. On average, equities analysts forecast that PJT Partners Inc. will post 3.85 earnings per share for the current fiscal year.

PJT Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, March 5th. PJT Partners’s payout ratio is 32.47%.

Insider Buying and Selling at PJT Partners

In related news, General Counsel David Adam Travin sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $93.21, for a total value of $466,050.00. Following the completion of the sale, the general counsel now directly owns 1,541 shares of the company’s stock, valued at approximately $143,636.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel David Adam Travin sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $93.21, for a total transaction of $466,050.00. Following the transaction, the general counsel now directly owns 1,541 shares in the company, valued at $143,636.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ji-Yeun Lee sold 10,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $104.58, for a total value of $1,045,800.00. Following the completion of the transaction, the insider now owns 73,421 shares of the company’s stock, valued at approximately $7,678,368.18. The disclosure for this sale can be found here. Insiders sold 27,926 shares of company stock valued at $2,875,672 in the last 90 days. Company insiders own 10.67% of the company’s stock.

Hedge Funds Weigh In On PJT Partners

A number of large investors have recently bought and sold shares of PJT. Fidelis Capital Partners LLC acquired a new stake in PJT Partners during the first quarter valued at approximately $39,000. BNP Paribas Financial Markets lifted its holdings in PJT Partners by 116.0% in the 1st quarter. BNP Paribas Financial Markets now owns 41,251 shares of the financial services provider’s stock valued at $3,888,000 after acquiring an additional 22,157 shares during the last quarter. Klingman & Associates LLC raised its position in shares of PJT Partners by 5.2% during the first quarter. Klingman & Associates LLC now owns 157,056 shares of the financial services provider’s stock worth $14,804,000 after purchasing an additional 7,754 shares during the period. Diversify Advisory Services LLC purchased a new stake in shares of PJT Partners in the 1st quarter valued at approximately $690,000. Finally, Norden Group LLC acquired a new stake in PJT Partners during the 1st quarter worth about $1,509,000. Hedge funds and other institutional investors own 89.23% of the company’s stock.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.